The highest effective rate of return you could earn on any of these investments is closest to:
A)6.250%
B)6.267%
C)6.300%
D)6.310%
E)6.245%

Name: The highest effective rate of return you could earn on any of these investments is closest to: A)6.250% B)6.267% C)6.300% D)6.310% E)6.245%
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Question

Quizplus · Accepted Answer

The highest effective rate of return among the given options is 6.300%. This is determined by comparing the rates directly, as no additional information is provided to calculate or adjust these rates.

The Highest Effective Rate of Return You Could Earn on Any